HSA Commercial Wins Tenant, Plans Expansion at IN Business Park

Pelican BioThermal signed a 50,000-square-foot lease at Gateway II, one of the five buildings within Gateway Business Park. HSA is currently setting the stage for Gateway V.
Gateway II
Gateway II

HSA Commercial Real Estate has added Pelican BioThermal to the tenant roster of Gateway II, a 121,800-square-foot distribution facility within Gateway Business Park in Plainfield, Ind. The manufacturer of thermal packaging signed a lease for 49,977 square feet, which left the landlord with only 20,000 square feet of available space in the building. The company will move into its new space at 851 S. Columbia Road in July.

Gateway II was delivered in 2004 and is part of the 55-acre industrial park located near Indianapolis International Airport. The complex encompasses five buildings totaling approximately 630,000 square feet. The most recent project completed was Gateway IV, a 151,200-square-foot distribution center which came online in July 2017 and is now fully leased.

Senior Vice President Terry Busch and Associate Jared Scaringe of CBRE represented ownership in the lease, while Vice President Bryan Augustin of Alliance Commercial Group represented the tenant.

Upcoming project

HSA is currently working on the fifth addition to Gateway Business Park, as “the need for new Class A warehouse facilities in Indianapolis is outpacing the amount of development in the market,” Robert Smietana, the company’s vice chairman & CEO, explained in a prepared statement. “Since Indianapolis is accessible to over half of the United States within a one-day drive, the market is uniquely positioned geographically to take advantage of the growth in e-commerce and logistics,” he added.

The development will be located on a 19-acre site at the corner of Stafford Road and Airtech Parkway. It is slated to encompass 262,758 square feet and to feature 32-foot clear heights, 30 truck doors, four drive-in doors, 185 parking spaces and 70 trailer positions. Delivery date is set for December 2018.

Image courtesy of HSA Commercial